scope:

The purposes of this standard are: - to establish a common basis for management to implement and practice Value Management; - to help team leaders and team memebers to practice the methods; - to establish a basis for developing training and certifying procedures for individual competences in Value Management; - to establish a basis for Value Management contractors to provide services; - to establish a basis for certifying companies and organisations; - to improve the quality of VM and stimulate innovation in its use; - to improve communication through the use of common terminology. This standard provides a guide to all managers to practise Value Management and to introduce this discipline within their organisation, and for all other members to understand and participate effectively in Value Management.